( ) -q-21- UNDATED (Correspondent Jeremy House) “about two months.” Chevron is buying Hess for $53 billion. [CutID: <Cuts> CHEVRON-HESS-house-q-MONam.mp3 Time: 21s Title: CHEVRON-HESS-house-q-MONam Out-cue: about two months] TAG: Correspondent Jeremy House reporting. Chevron says the acquisition of Hess adds a major oil field in Guyana as well as shale fields in North Dakota. ————————– […]
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Chevron buys Hess for $53 billion, 2nd buyout among major producers this month
( ) -q-21- UNDATED (Correspondent Jeremy House) “about two months.”
Chevron is buying Hess for $53 billion.
[CutID: <Cuts> CHEVRON-HESS-house-q-MONam.mp3
Time: 21s
Title: CHEVRON-HESS-house-q-MONam
Out-cue: about two months]
TAG: Correspondent Jeremy House reporting. Chevron says the acquisition of Hess adds a major oil field in Guyana as well as shale fields in North Dakota.
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VERBATIM: The acquisition comes as major producers seize the initiative while oil prices surge. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Crude prices are up 9% this year and have been hovering around $90 per barrel for about two months.